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upset a single person. for get this. one who admires you greatly is hidden before your eyes. or a romantic mystery will soon add interest to your life. so we came up with a compromise different fortune messages for adults and different ones for kids. simon, i don't know about you but you might end up with some pretty racy fortunes in some cases. >> yeah. speaking of racy, on tomorrow's program we will have brian schactman together with the cover winner of the 2013 sport illustrated swimsuit issue. that will get minds wandering, sue. >> yes, it certainly will. >> all right, that's it for us. "street signs" begins right few. and welcome to "street signs." where we're just fine, thank you. but are things too fine right now? stocks off to one of their best starts in years.

since mrs. sullivan delivered me to the world, this is one of the best things that happened in the market. no. is it a case of too good equals too bad? sec is too cozy with wall street? the relationship might be closer than you think. plus, how would new york times car review is slamming tesla today and something microsoft said which has everybody, you know, scratching their heads, mandy. but investors are smiling. >> okay, yikes. so many great stats to choose from. okay, okay. i know, you're looking at numbers there. thinking, hang on. markets are looking soggy. but here it goes. indexes that are record highs are dow transports and s&p 400 mid caps. in fact, sa this week is going for its seventh straight week of gains it start the year. it f it does, folks, that's the first time it happened since 1967, break out the go-go boot everybody. meantime, let's get down to the floor of the stock exchange. mary, what do we need to watch out for here at the beginning of

the week? >> we are looking ahead to important data being the retail sales and of course retail earnings. i want to start off with another stat, mandy. did you know since the beginning of of the year, s&p 500 has been down every single monday? a trend that continues today. these are leaders here today for s&p on this strong move they've had. netflix, valero, dell, boston scientist ek, best buy. of today with what we are seeing is weakness in the energy sector. along with consumer discretionaries and materials, keep in mind we have weakness in gold and gold stocks today. that puts pressure on that group along with telecom stocks in today's session. that is offsetting the strength we are seeing in utilities as well as financials. both of those have been fairly strong throughout the day. i stand corrected on utility. they are weaker now but financials have been better performers. these are some weaker or leading decliners, which right now, is

down just about 2.25 point. mandy, back to you. >> rick, we have new treasury supply. state of the union address tomorrow. what do we need to focus on for treasuries? >> i think in terms of the supply, i'm not worried. traders down here aren't worried. i think with the sluggish growth in europe, look for the auction to go well in terms of the inaugural address. many traders down the here would consider this an economic market fundamental to pay attention to. but they don't think the president will play a different groove of the sound track than he has been playing. so most traders kind of have an idea what he is going to say. the last but not least, if you look at two chart going back to 2000, i know we are about ready to test the '07 highs in the dow. but remember, as you see on these charts, back in '07 we had 260 basis point higher yield on tens. you know, these low interest

rates should definitely make the stock market's job easier. add in the fed. you are talking about tesla. a lot of companies with questionable futures. the capital just goes anywhere. this is an unintended consequence we have to deal with down the road. >> i don't know if you saw this, on bain capital, how literally the gold will be lathered in capital in 2020 and there is nowhere for that to go. >> i think it is very scary. i think the mutual destruction and. banks that believe everybody is committing the same since then it's okay. there's a lot of issues we need to deal with. and housing is a good one. despite government intervention, the housing mark set healing. but all this capital, all these ious funding, all these businesses that would never find funding under normal times, this is just going to make candy in

the future in a realistic way. >> you remember what nixon's treasury secretary said, john connolly, he said it is our dollar and your problem. rick santelli, thank you. as mandy told you, stocks off to one of the best start of the year. but call it cynic. if everyone is buying, is that a reason to worry? let's bring in gina and global strategist. gina, you reference something called the hurst exponent. what is it and why are you watching it? >> i'm watching it because generally it gives us an idea of wh markets are trend following or mean reverting. off the kwlen they are trend reversing, you and maybe the market might be at risk for sort of coming back to a more normal

trend and that means a correction. right now the momentum indicators are really strong. so you know, it is hard it fight that. >> do you agree at the momentum indicators are really strong or there are any overboard indicators out there, what might they be? >> well, there is a couple of internals that we are looking at that are worrying. there are quit call ratios. some that are questionable that suggest that at point you will have a pause here. in taking a step back here, when we talk about a pause in the stock market or terrific start to the year, this is not a particularly unusual occurrence. in 2011 and 2012, there are period of time where either equity market traded down or side ways for several months. i think we are setting up for one of the instances right now. we are looking at a chart of 2009. everyone thinks 2009 was the big snap back year, and it was. but they fell by 7 1/2, 8% and it went side ways np in 2010,

you saw the crnser in the year. i think we are setting up for one of those types of period now. >> i would like to know, what will provide the catalyst. what could potentially give us another significant leg to the upside? gina, is there anything out there that we need and that you see? >> generally what is giving us the catalyst on the upsides, the market gets pass some major percent. we get past the final resolution to the debt ceiling that's been pushed off until may. that could be another little bounce. we could see the italian elections go well and ver sanny come and everybody settles back koun in europe. there are things that can happen but they generally involve the market climbing a wall of worry, and then getting past that event. generally market have been very, very pollee anna like in their determination to believe that policy makers get things done this year.

that is probably the biggest difference between 2009 and 2010. >> gina, to dan's point, i would feel more comfortable if we add three to four-month period. i would love to talk about the dow everyday. it is optimistic and good news, wouldn't it be healthier with a reset period. >> a die jefgestinondigestion, >> yes, it would absolutely be healthier. the market has been running quite fast. my view is that it will probably continue to build on itself until we start to see probably a string of disappointments around growth towards the second half. maybe even into the fourth quarter. so you know, this could probably consolidate for a a while sometime in the summer. but it doesn't necessarily look like it'll start consolidating now. >> what about you, dan. okay. if we do for example have a healthy period of side ways. pause, collect our thought,

gather our breath, what is the next marker for you? march, may, politically tied? economically tied? what is it? >> for us, we think that underlying fundamental of the stock market at this moment are not terribly stretched. i don't disagree with what rick santelli -- i entirely disagree with what a number of people say about a so-called day of reconing down the road. what we have to worry about as investors is whether or not, ie 2013, is going to be the day of reconing. i don't think so. i understand when we talk about pauses and healthy pull backs or consolidations. people tend to view that as using sort of -- using that as an excuse to be underinvested. again, getting back to the point i made earlier, there are periods of time in teach of the last couple of years, even last year, which is a terrific year for the stock mark fret beginning to end, you had two separate roughly speaking 10% pull backs. even though the year got off to a great start in january, you

could roughly speaking buy the s&p on june 1st for the same price as january 1st. >> what the inhave oester seems to have forgotten for the last, ient to know, hundred years or so, is that if you love the market long-term when stocks go down, or remain side ways because right the time cost of money, that makes the market more affordable. we have this weird owe version. oh, the mark set down, don't buy. well, i'm 41. my time line is 25 years out. a drop then makes my dollar go further. >> panic is an an investment strategy, right? >> that is contingent of a continuation of the preceding outlook. there is no deterioration in economics fundamentals. so in which case you are talking about a situation in which somebody put a stock that i like on sale and i would like to buy it at 10% lower price. if something fundamental changed, that's a different

story. >> but if it is higher 25 years from now, i'm probably in a cave in a novel. >> and i love to hear gina's take on this, most money invested in the stock market right now, is accounted for by upper income brackets and higher aged individuals. 25 years down the voed great for someone like me or younger. but if you are 50, you have lived through 12 years of zero equity appreciation. bernie madoff, stanford and a host of other instances. you don't have a 25-year time -- >> susan, what do you say to those people? what do you say to the people, dan, that are burned and don't have time to make it back. how would you invest their money if they came to you today? >> well, ill refer to someone else. >> gina? what would you say? >> my client are institutional and long-term in nature. i would say the biggest risk isn't the equity market, it is the bond market particularly treasury. when you start at yields where you are now, what on earth makes

you think can you hit an 8 or 9% target. long-term i'm fairly constructive on equities. short term i'm concerned market pricing at $110 earnings might be getting a little ahead of itself. and i agree, if you put a good stock on sale, i'm happy to buy it. i think the markets are ahead of that right now. >> is it true, gina, the name means the as tech goddess of fire? >> it is. >> channeling the goddess of wie will burn you. >> all right, pimco's version of the dollar menu. >> later on, there were lines, quote, lines, at microsoft stores over the weekend. lines at a microsoft store. i'm going to repeat that because it sounds hopeful, right? wrong. why there could be more to this than meets the eye.

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a new pope could be chosen by easter.

and winter storm miamio, mill naerly a million people across eight states lost power at the height of the storm. that figure is down to about 100,000 now. that storm is blamed for at least 15 deaths in the region. severe weather slamming the southeast. a series of tornadoes tore through mississippi and alabama yesterday. hundreds of homes were destroyed. no one was killed. the threat of more storms in the south could last until tomorrow. all right, attention all you u.s. dollar haters, or maybe lovers. pimco wants to make it easier tore to you be in the currency market without being glued to your computer 24/7. the etf lists tomorrow under the appropriate ticker frox. let's bring in scott mather. co-manager of the currency strategy etf. he is in florida at inside etfs conference. largest conference of its type on the planet. we have been all day long, well, bob pisani has, lucky dog that he is.

scott, why this, why now? >> well, we think it is the perfect time for investors to think about foreign currencies. the dollar has been deappreciating anyway at a pretty rapid clip over the last decade. this is a way for investors to pick a basket of currencies without picking up other dogs. most people are aware that other currencies have had similar problems and worst problems in the dollar. we are avoiding those and actively putting together a diversified portfolio we think will do well short term and long-term versus the dollar. >> this is basic lay vet against the u.s. dollar, right? opposite of a vote of confidence in the u.s. dollar? >> well, that sounds very anti-american, in that context. but it is not. one of the announcers for the u.s. is to have a more competitive currency. it could be part of the solution in that sense. but it is certainly something that investors overly exposed to the u.s. dollar want to avoid. but in thinking about that depreciation of the dollar, it is something that policy makers

in the u.s. of course are comfortable. they have to manage that process at a slow enough clip that it doesn't cause anything destruct toif happen in the global economy. there is a lot of concern about that. some currencies moving to deappreciatate the dollar at a more rapid clip. for example, the yen recently. it is not without risk what policy makers are doing. but it is something we have been experiencing. there is a risk that that accelerates. but think not it in terms of macro imbalancing. >> are you worried about a global race to the bottom? mandy's buddy, shinzo abe printing, europe printing, we're printing, is that scary? >> well we wouldn't say this is an outright currency war. it is a series of currency skirmishes. but there is a chance that it escalate into something greater.

currency war would be very damaging to the global economy. damaging to financial markets. it is important to see if this is beginning to develop into that type of atmosphere. so far, there's been enough restraint shown by policy makers and it is happening at a gradual enough pace, that it doesn't look destructive. but it is something we really have to monitor carefully. >> okay. we got to leave it there. not everybody is at the bottom. the dollar is going hay wire. if anything, we would like it to race to the bottom a little bit more. >> the australian dollar -- i'll refrain. >> please do. >> i was thinking of a blimp disaster in the '30s. >> oh, i think everyone knows exactly who we are talking about. >> hot hindenburg of the currency. that's not polite. . >> straight talk about some of the riskier etfs with vanguard founder, a jack, friend of cnbc.

the etf mutual fund showdown. we also want it hear from you. what do you think will be the hottest etf class this year? you can tweet us. who knew etfs could be so fun? >> the etf community. they are having a blast down there in hollywood, florida. whoa, take it ooeeasy. back firing on an electric car company. what would it take for to you buy an all electric -- not a hybrid, 100% electric. tweet us. >> and is it time for a new apple gadget? there's your hint. wow, that was hard hint. we will debate that, coming up. investor. yeah, i'm a serious investor but i'm a busy guy. it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying.

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company for a total of $40,000. a lot of money back then. let's look at top utility companies this year. 127% gain over the year to date, period for oneoke. incredible. >> this next story is an auto person's nightmare. tesla gave a person a car. showing off the electric highway of charging stations to show people, hey, can you take the car on the road, no problem. the problem was, there was a problem. it ran out of juice along the way. listen, phil, you know, they got to give reviewers. cars, right? i get it. this is not an ideal outcome for tesla. >> no. and here is the reviewer, john broader with new york times and this is a picture of the tesla model and it is being towed away, once it runs out of juice. listen, this happens every once in a while.

not every review will go perfect and yes, you will have an electric car that will occasionally run out of juice. that's not what the car company want, not what tesla wants, not what the electric car company want. but overall, look at this car, what they are trying to do here. for the most part, most say they'll be successful. rain sj between 160 and 300 miles, depending on the size of battery that you buy with it. cost between 52,400 and 72,400. and tesla says they are on track to build 400 this year. that's the reason the stock, generally speaking, has been performing well the last six months. just last week an all-time high. tickling $40 a share briefly on friday. pulled back a bit and today pulled back about another 2%. overall, most people who had a chance to drive the tesla model, i have talked with a number of them, they are pretty impressed.

that said, this is not the way you want the test drive to go, especially with a major publication like the new york times. >> in the new york times over the weekend was whole article about how in a country that has 8 buck a gallon gas, like holland, electric cars are popular. maybe we need that incentive. a gallon of gas to get a price point where there is enough demand and infrastructure built for the electric cars. >> a lot of people feel that way. they say, listen, you raise the price of gas through taxes or other means you will get more people converting to electrics or at least it hybrids. >> that's right. we should take a hundred million people immediately impoverished. >> that will never happen in the u.s. >> 250 miles will get you across belgium. >> yes, to holland.

>> 250 miles is my commute. >> they have to change their driving habits. they are not just there tooling around the country. they have to say, okay, where am i going, how many trips am i going to make. >> they have to plot it. take their bike. >> how hard is it to speed skate around a country. from one end to the other, smoking dope the whole way. >> those clogs make it hard to accelerate. my apologies. >> who would entice you to do so, here are tweets. another viewer agrees, yes, but only when twice goes down and performance up. >> and no, i only buy cars that make sense economically. all electric cars make no economic sense. can you tweet us or send a note

in your electric car and we will get it in a week. that was a joke. bad one. all right, coming up on "street signs," shocking how comfy wall street is getting with the sec. >> and you have heard of pinterest and spotify, but today we will introduce you to another billion dollar idea. i'm glad we got cdw and cisco to design our data center.

yeah, the cisco ucsc series server, with the intel xeon processors, help us scale smoothly, like a perfect golf swing. how was it before? clunky and full of unnecessary impediments. like charles' swing. i heard that.

it is "street signs" time. nike, big call here. >> yeah. j.p. morgan chase, upgrading with with a $64 price target on the name. 9 bucks and change. saying nike represents a portfolio with sales and drivers. jpo notes the company seems to have quote a laser focus on

total shareholder returns. stock upgrade by 10 bucks since last june and mandy, an all-time high. >> and another big call here. >> yeah. this is america's seventh largest bank, minneapolis, minnesota, don't you know. $39 target on the stock. warranted given the assets and don't forget, feds have been helping out banks. spreads are getting bigger. i think there was an article in the journal today. stocks are better over 52 weeks. >> it is not all about upgrades. we also have down grades. >> target cut by a buck, 14 from 15. for lack of operating leverage and potential of shared dilution from capital rates. more stock on the preferred side. makes the common worth a little less. schwab downgraded back on february 4th, remember.

>> let's get our daily update on what is happening with blackberry. >> two pieces of news here. neither one good. number one, blackberry getting to the japanese market. their share is 0.3% there, mandy. down from 5%. sort of already out of the market anyway. here is the other news, home depot dumping the blackberry in favor of the iphone. 10,000 store managers and many managers, corporate staff, now getting the iphone. they are the latest company to leave the blackberry. >> absolutely. wendy's though within a big move on the stock in a barron's article. >> over the weekend, setting a new and weak valuation. about 8.5 times, though a little higher than mcdonald's. i was doing research on this when there was wendy's and arby's combined and stock is only milder higher than it was.

sort of like the same article. >> like groundhog day, courtesy of wendy's. let's get a quick market check, over to jolipton. >> a new 52-week high today. remember last week linkedin reporting that profit and sales spike in the fourth quarter. social network expanding membership, resultes easily being streets estimate. not everybody is a fan. analyst downgrading linkedin to market perform with a price target of 145 bucks. today, investors are buyers. that stock up about 4% right now. back to you guys. >> thank you very much, josh. >> time for outrage of the day. new study showing the sec's revolving door with wall street may be spending more out of control. scott cohen here to explain. >> outraged. we will talk about this. this is a new study from nonprofit coverage on oversight. saying wall street is getting stuck in the resolving door.

organization looking at at ten years of disclosure act. finding about 400 employees filed nearly 2,000 time over the years and a couple were filing within two days of leaving the sec. and keep in mind letters are only required for first two years. so the tip of the iceberg. as the agency prepares to install a former prosecutor turned white collar defense lawyer mary jo white and leaving for private sector sec official is going easy on wall street because they might want to work there some day. sec spokesman told researchers matters are decided on their merits. and and while they were this office, the more success they had when they moved to the private sector. but this study looks at regulatory issues and particularly former chairwoman mary shapiro's failed effort to regulate money market mutual fund. host of former sec officials lby against the proposal behalf of

the mutual fund industry. had it come to a vet, maurice aguilar. nonetheless the study is adding to the debate. can you read the study, the competing study, academic study out last year and all 2,000 disclosure letters. we put them all on our website, cnbc.com. >> does anyone have any commentary on how to stop the resolving door and get people to stay. >> the key they say is disclosure. more transparency of the process. they have to go through a great deal of effort, the information act, to get the disclosure letters spop they want it to be at least more transparent. >> right. this goes back to the founding of the sec. joseph kennedy was a stock speculator and that's why he was put into office. >> i also know the sec staffers, are wildly underpaid relative to their wall street peers.

that just the bottom line. if you're going to make a buck 50 to start, versus 75 or 80 at sec plus bonus and you go up. the choice is often made for you when you sit on 150,000 in student loans. >> right. that's your pay back when you are done at sec, can you work at private sector and make real money. the question is whether you become more desirable if you can expert some influence. the flip side to this study, and this is something that former director of enforcement says, is no one will hire someone that had so little integrity that they were going easy on wall street. that you have to have that integrity and as that academic study said, tougher they were in enforcement, the better off they did. >> thank you. still ahead on "street signs," we will kick off our series on billion dollar ideas with a start-up you probably never heard of. the jaw-dropping valuation of this tiny titan.

>> just getting this word. former owner of tesla, he just wrote in or e-mailed somebody. he has a comment on a story we just did. i dploent if he is touch. he might be doubly mad. this is coming up after the break. stick around. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens

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at devry.edu/knowhow. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers.

i'm bill griffith. coming up, father of the index mutual fund. telling us why the investor should stay far, far way from what he considers riskier etfs. also, ohio's attorney general joins us to explain why he is taking on the credit rating agencies for not fixing potentially costly mistakes to your credit report. that's a big, big story. here is something that is going to leave a sour taste in your mouth. i know it did me. maker's mark is literally watering down its bourbon and keeping prices the same. why on earth would they do that?

more tonight on closing well. >> a new development in the new york times story. the one we just talked about with phil lebeau on the tesla s. we add picture of it being put on a roll back. elon musk, detailing what happened on the reviewers new york times range test, also lining up others to do the same drive. talking about tesla range in cold, is fake. these are elon musks text. saying he didn't charge the tesla to the max and took a long detour. mr. musk, if you are watching this segment, as 25-year car racer, i'm happy to take the tesla s for a test model. i will chart it to the max, follow the route. cannot promise i will follow all posted speed limits, but i will give it a go. >> that's an invitation no one

can refuse. we have phil lebeau on the phone. what do you make of it, phil? >> well, he backs it up, saying, that he, mr. broeder, didn't chark the max or take a long detour. or he took a long detour. we haven't had a chance to get reaction from john broeder. but elon musk is readamant saying, this tesla range in cold is fake. he says, there is no misunderstanding. he says, this is fake, made up. those are strong word. but this is the way that mr. musk, when he fields adamant about something, he responds via social media, on twitter. what is interesting about all this, if you talk with other journalists who have driven the model s, generally speaking, read the reviews, and i have read all of them. the general reviews are very positive. while the r may not be a hundred percent what tesla says it is, it never is for any vehicle, by the way.

when you take any vehicle, whether electric or gas or hybrid, it is rare that you have journalists getting exactly what is listed by the epa. bottom line is reviews for the most part have been positive on the model s. >> yeah, you know, listen, it is a beautiful car, gotten good reviews as you said. when the new york times reviewer though, you know what the range is. you know the charging stations are. these are pretty strong words from elon musk saying, fake. long detour. saying he just drove off for a reason. >> this is why you need have mr. broeder come on. because elon musk say the vehicle logs tell the true story, implying that what we read in the times is not the true story. now there is clearly going to be a very public dispute about this test drive. >> you know what would be fantastic if we could get both

elon musk and broader on at the same time. there is a double invitation to mr. musk or mr. broader. let them know and we will come on. stock is down just over 1%. a moment ago. it is now actually -- yeah, down about the same. just moving around. down side about 1% at this stage. okay. thank you, phil. thank you, phil. hopefully we will continue this story with the people in question. >> yeah. the stock looks to have come back a little bit off the lows. that is a narrow -- can we put up a full -- the intraday chart of tesla. i want to see if it has come back on this. yeah, look at that. starting to come back right when the show began and it has come back from this -- >> now down the .7% -- >> mandy, if you call a reviewer a fake -- >> a fake. pretty strong words. again, mr. broader, please come and respond. in the meantime, if you've heard

of pinterest or spoty, listen up. they are the little guyes with a lot of money and these billion dollar babes are becoming tightens in their own industries. we are kicking off our special "street signs" series with a start-up making waves in cloud computing. it is called z scaler and ceo jay joins us now. great to have you on the show, jay. i'm like, perhaps many of our viewers, i had not heard of your company, excuse me. briefly explain what exactly it does. >> z scanner is about protecting users from the threats on the internet. as the world is becoming mobile, more services are moving the cloud. we sit as a security check force between the user and internet to make sure that nothing bad comes in or leaks out. so protecting all of the assets and property of corporations so

it isn't being stolen away. >> there are very big guys like amazons and google who have billions to spend in this space. how are you doing it differently job jay? >> those big guys aren't actually offering services in the cloud. we are complimentary to them. we sit between the user and cloud to make sure they don't get hacked as they do cloud services. so we have carved out security as very good segment which is complimentary to offering services such as -- very complimentary space. >> you know, jay, i side from your own company and i've watched videos on the web and i'm not going to pretend i understand everything it does. is there a bubble in silicon valley? have things gotten out of hand? >> so i think there are

generally bubbles, quite often, in consumer markets. and we are seeing a bunch of them. but to do enterprise market, the bubbl bubbles don't happen that often. you have to win enterprise one at a time. and hour focus is enterprise market to go, to really sell our services to 2,000 companies and we need a lot of protection sense we see attacks coming from aum over the world, including china and many other countries. >> indeed. thank you for joining us on "street signs" today. >> thank you. >> just a reminder, folks. we got a little fight on our hand between elon musk and maybe the new york times. we got a dry who drove the tesla coming up. and he says the new york times reo be wrong. >> it is heating up. >> a mystery. back after this. [ male announcer ] this is not my home.

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welcome become. we were going to bring john retinger to come on to talk about apple. but given the brouhaha brewing over tesla motors, a "new york times" review, and questions about battery life, we thought it would be appropriate to ask john about this. why?

because "a," he thinks it's phony or "the new york times" has gotten something wrong. and two, he's on the waiting list to buy one of these cars. you know from which you speak. why do you side with musk and doubt "the new york times" article? >> i'm not coming out and saying anything was fabricated. a few things show something a fishy. first the rating to track everything the car is doing. charge, total charge, and miles. they are aware of the miles the car can drive. second of all, if your car can drive 300 miles, are you going to plan a 350 mile road trip without stopping at a gas station? just to make a point? there's an epa range of 265 miles and a potential range of 300. real world driving you don't get that 300 miles. certainly electric driving is different than traditional international combustionen gins. it does not sound those were done.

you don't drive farther than the range tells you and be surprised when the car stops. >> in other words the testing was not good enough. you're saying the test wasn't rigorous enough, accurate enough, wasn't good enough? >> the test isn't testing what the car can do. driving outside the range just to make a point is dramatic. it making a strong point. but there also are strong influences against the electric car industry. whether or not those played a part in the review, you'd have to ask the author. but the car has a rated range to plan a trip farther than that rated range is unthinkable. that is on the driver solely to make sure you fill up whether in electrons or gasoline. >> we watch the stock now down .6%. tyre it was down by 1% earlier on. you are on the list to buy a

tesla. you are forking out that amount of money. you are backing the car. >> i am backing the car and the company. not from a green standpoint. as a gear head, to have that instant torque comparable with the 911 performance model is incredible. i love it's an american company creating american jobs here in california. >> we got to go, but listen. there is no doubt electric cars are fasters. i drove the first tesla. the thing just goes. 45 minutes to charge, don't you think that's a drawback? >> to get a full charge, absolutely. but you can get 85% charge in just 30 minutes. there's not a time parity with international combustion, but that's pretty darn good. >> thank you for joining us. once again the invitation is out there to the reviewer on "the new york times" and elon musk. come on together. in the meantime, microsoft's newest surface tablet seems to be a big hit. there were reports of lines at microsoft stores but there could be more than meets the eye here.

let's bring in editor director, brent, is this a case of demand outstripping supply because they had an amazing response? or they just didn't make enough? >> i think probably it's early, right? there's probably not that many. we saw this with the first version where they sold out on the website. it's early days. and we believe in the first quarter microsoft shipped only half a million. so it's comparing two different stories. we think it's early. we think there are a lot of reasons to be excited about surface. if you're an enterprise worker, you look at the full productivity suite. you look at the halo effect that microsoft can have. already supporting microsoft environment. but there's a lot of challenges. and we're not hiding those. the price point and the usability i think is still an issue with the content that's available. >> right.

jon fortt, microsoft was slow out of the gate here. is this going to be the device that makes them catch out? >> doubtful. three things. first, the original surface came out at 500 bucks. doesn't seem to have blown the door off. this is 900 to 1,000 bucks. and it's selling in february. this isn't even a holiday season. it'd be surprising to see great deals of that device even though this does run legacy windows apps. you know what runs legacy windows apps? pcs. they're not selling well either. that's why intel is working hard to get the touch screens down to the $600 range. it would run counter for this to be doing that well. we'll see when they show us some numbers. >> jon, do you think the 128 gig ipad will take a bite out of this surface interest? i mean, slap on a $75 keyboard,

you're back to a macbook. >> i think that's really at the kind of high end enthusiast geek category and the enterprise user who's running autodesk or hollywood movies and needs lots and lots of storage. not the mainstream price point. is that going to blow the doors off the surface? i don't know. neither one is probably going to do very large volume. >> we've got an update on there. apple in the green year to date is down. mike so soft is holding out pretty well. and we can't discuss this, but i see you've got a rating of buy and l target price of 28 bucks. 4% to the upside. >> they're saying everything's fine. >> a quick break. coming up on "the closing bell," a big buzz kill for bourbon lovers. it's a new day.

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